Insurance and financial services in Kyrgyzstan
Kyrgyzstan: Insurance and financial services was 11.7% in 2024. ◆ Volatile
Insurance and financial services in Kyrgyzstan, 1993–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
Kyrgyzstan recorded 11.7% for insurance and financial services in 2024.
Compared with earlier readings it is up 110.7% on the previous year and up 474.3% over ten years.
Over the whole period, insurance and financial services in Kyrgyzstan peaked at 14.9% in 2002 and was at its lowest, 1.9%, in 2012.
Kyrgyzstan ranks 36th of 197 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Kyrgyzstan, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1993 | 7.6% | — |
| 1994 | 4.1% | -45.4% |
| 1995 | 4.3% | +2.7% |
| 1996 | 4.3% | +2.0% |
| 1997 | 7.5% | +73.8% |
| 1998 | 10.5% | +39.8% |
| 1999 | 10.4% | -0.9% |
| 2000 | 8.8% | -15.5% |
| 2001 | 9.3% | +5.3% |
| 2002 | 14.9% | +60.2% |
| 2003 | 12.2% | -18.0% |
| 2004 | 11.6% | -4.6% |
| 2005 | 6.7% | -42.8% |
| 2006 | 4.8% | -28.7% |
| 2007 | 3.1% | -35.7% |
| 2008 | 2.2% | -28.1% |
| 2009 | 2.1% | -2.2% |
| 2010 | 3.9% | +81.4% |
| 2011 | 2.4% | -39.0% |
| 2012 | 1.9% | -21.0% |
| 2013 | 2.5% | +32.1% |
| 2014 | 2.0% | -18.1% |
| 2015 | 2.6% | +29.7% |
| 2016 | 2.3% | -11.9% |
| 2017 | 4.0% | +74.1% |
| 2018 | 2.0% | -50.3% |
| 2019 | 2.3% | +14.4% |
| 2020 | 2.9% | +28.4% |
| 2021 | 3.0% | +1.3% |
| 2022 | 3.1% | +2.3% |
| 2023 | 5.5% | +81.2% |
| 2024 | 11.7% | +110.7% |
Kyrgyzstan compared with similar countries
- Kyrgyzstan's 11.7% is above the median for lower middle income countries, which is 6.5%, 1.8× the median. (47 countries reporting)
- Kyrgyzstan's 11.7% is above the median for Europe & Central Asia, which is 5.2%, 2.3× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 7.0% | 4.1% | 10.5% | 7 |
| 2000s | 7.6% | 2.1% | 14.9% | 10 |
| 2010s | 2.6% | 1.9% | 4.0% | 10 |
| 2020s | 5.2% | 2.9% | 11.7% | 5 |
Countries ranked near Kyrgyzstan
More economy & growth data for Kyrgyzstan
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.6 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.98 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 17.37 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.001 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 2.41 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 255.34 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 60.39 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0141 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 35.36 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 57.21 % change on previous year (2024)
Frequently asked questions
- What is insurance and financial services in Kyrgyzstan?
- Insurance and financial services in Kyrgyzstan was 11.7% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Kyrgyzstan?
- The highest recorded value was 14.9% in 2002.
- What is the lowest insurance and financial services recorded in Kyrgyzstan?
- The lowest recorded value was 1.9% in 2012.
- How does Kyrgyzstan rank for insurance and financial services?
- Kyrgyzstan ranks 36th out of 197 countries with data for 2024.
- Is insurance and financial services rising or falling in Kyrgyzstan?
- Over the last ten years it is up 474.3%. The long-run trend across the full record is volatile.
- Where does this Kyrgyzstan data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Insurance and financial services (% of service imports, BoP). Statizoid updates them automatically from the source API.
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About this data
Insurance and financial services cover various types of insurance provided to nonresidents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and nonresidents. This indicator is expressed as a percentage of service imports which are services provided by non-residents to residents.